Bridging Finance And Innovation To Advance A Green Revolution in Africa
12. aBy situating loan officers in each HER office, both the customer and the real estate agent have immediate access to the loan officer,a RFC CEO Michael Isaacs said in a press release. aThis creates a streamlined homebuying experience with greater communication, so customers can close on their homes faster and with greater ease.a Residential Finance currently has 46 lenders at its Easton office and plans more hiring to fully staff HERas 60 offices, though itas unclear how many, spokeswoman Lili Macklin told me. It will maintain the Easton location. Residential Finance began shifting focus from refinancing to purchases about 18 months ago and hasnat been stung by rising rates as much as others, Macklin said.
Willis Lease Finance Earns $9.7 Million or $1.17 per Share in Second Quarter
But more must be done to break down the barriers that remain to scaling up innovation and investing in farmers on a large scale. To do so, the agricultural and financial sectors must form new linkages and better align their visions, blending those who can implement innovative approaches to boost agricultural production and supply inputs such as seeds, fertiliser, and water, and outputs including storage, processing and distribution facilities, and access to markets, with those who can finance those activities. To help bridge these sectors, in July The Rockefeller Foundation hosted a summit in Abuja, Nigeria, titled Realising the Potential of Africas Agriculture: Catalytic Innovations for Growth. The summit, one of our centennial convenings focused on forward-looking solutions to challenges that will define our second century of strategic philanthropy, brought together agriculture and finance ministers, along with other leaders, from more than 23 African nations, in an unprecedented conversation to identify concrete ways to strengthen African agricultural markets and value chains to benefit smallholder farmers. Over the course of the summit, participants identified a number of innovative solutions and financing models that can encourage increased lending to farmers.
— Expenses included a $2.0 million write-down of equipment for an engine that will be parted out and $1.8 million in engine maintenance costs for the repair of a widebody engine. — Total net finance costs increased 39.0% to $9.9 million, compared to $7.1 million a year ago, reflecting higher debt levels and higher average financing costs. The higher interest costs (pre-tax) were partially offset by the elimination of the quarterly $0.8 million preferred dividend (after-tax). — Joint venture earnings of $3.4 million benefitted from the recording of $9.0 million in maintenance reserve revenues under aircraft leases terminated in the period.